Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Binance−0.049%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Binance Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.049%, 7d avg −0.001%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.049% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4076	0.0100	pay 0.0100% / 8h	4h 14m	$271.1M	$1.10B	75x
Short	Bulk NEAR-USD	4.4054	0.0100	get 0.0013% / 1h	14m 30s	$251K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BulkbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.001%: −$4.88
Slippage, 4 orders: −$26.68
Fee Binance: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$48.56
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bulk: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 14 min ago	1.14 bp	6.1 bp −$6	11.7 bp −$117	37.0 bp −$3,703	117.2 bp −$58.6K
Sell Bulk live order book, 44 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	14.6 bp −$1,465	31.4 bp −$15.7K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.4050	−0.060%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4070	−0.014%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4032	−0.101%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4131	+0.125%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	+0.164%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.049%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4040	−0.082%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4063	−0.030%	$419K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.4076	long leg	$271.1M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4011	−0.148%	$221.6M	$425.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4060	−0.036%	$62.8M	$299.2M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.4054	−0.049%	$251K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4040	−0.082%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4080	+0.009%	$74.6M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4070	−0.014%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4046	−0.068%	$72.3M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4060	−0.036%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	+0.139%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.440%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.417%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.304%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4071	−0.011%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4154	+0.177%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.281%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	+0.349%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	+0.190%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.089%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	+0.106%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0159%	1h	4.4055	−0.048%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.258%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4080	+0.009%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4191	+0.260%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0328%	1h	4.4071	−0.011%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4091	+0.034%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0365%	1h	4.4128	+0.118%	$363.9M	$324.9M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.4025	−0.116%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0552%	1h	4.4019	−0.129%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4100	+0.054%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4088	+0.028%	$8.1M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0664%	1h	4.4119	+0.097%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.4167	+0.206%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.558%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4093	+0.038%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0952%	1h	4.4136	+0.136%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	+0.244%	$5K	$12K	10x	as long as short